Start today, not tomorrow or next month or next year. Call 702-623-2600 for tips.
Have you suffered a setback? Don't give up! Call 702-623-2600.
The IRS issued proposed regulations (REG-132766-18) on July 30 related to simplified tax accounting rules for small businesses and updating various tax accounting regulations to adopt the simplified rules enacted by the law known as the Tax Cuts and Jobs Act (TCJA)
https://www.journalofaccountancy.com/news/2020/sep/small-business-accounting-tax-shelter-implications.html
JOURNALOFACCOUNTANCY.COM
Small business accounting regulations and tax shelter implications
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There's no easier way to give them a memorable experience. Wondering how to overdeliver for your industry? Call us. 702-623-2600
Skills can be taught. Values need to be fit. We can help you know what to look for. 702-623-2600
The global COVID-19 pandemic has affected many tax practitioners and taxpayers, and some fear that they will not be able to meet the Oct. 15 tax filing deadlines for federal and many state returns.
https://www.journalofaccountancy.com/news/2020/oct/state-tax-filing-relief-for-corporate-deadlines.html
JOURNALOFACCOUNTANCY.COM
Several states provide one-month filing relief for corporate deadlines
The global COVID-19 pandemic has affected many tax practitioners and taxpayers, and some fear that they will not be able to meet the Oct. 15 tax filing deadlines for federal and many state returns.
https://www.journalofaccountancy.com/news/2020/oct/state-tax-filing-relief-for-corporate-deadlines.html
JOURNALOFACCOUNTANCY.COM
Several states provide one-month filing relief for corporate deadlines
The global COVID-19 pandemic has affected many tax practitioners and taxpayers, and some fear that they will not be able to meet the Oct. 15 tax filing deadlines for federal and many state returns.
https://www.journalofaccountancy.com/news/2020/oct/state-tax-filing-relief-for-corporate-deadlines.html
JOURNALOFACCOUNTANCY.COM
Several states provide one-month filing relief for corporate deadlines
Corporate Capital is excited to help your company gain the expertise and resources you need to maximize your profits! We can help your corporation throughout the life of your business, just as our one-stop-shop has been helping corporations and LLCs across the USA.
https://www.corporatecapitalinc.com/prepare-your-business-now-for-the-new-irs-form-1099-nec-in-january/
Let us know how we can help! Call 702-623-2600.
Call 702-623-2600 to learn about new paths to success.
Minimize the bad experiences your customers have to talk about by providing excellent customer service! We can help. 702-623-2600
Happy Global Handwashing Day!
Got the picture? Call 702-623-2600 for tips!
What's your big idea? Call 702-623-2600 to make it a reality.
Keep researching, learning, and improving to achieve your goals. Call us at 702-623-2600 if you need help.
In response to requests from stakeholders, the IRS issued guidance adding state unclaimed property fund distributions to the list of reasons that taxpayers may self-certify that they missed the 60-day deadline to rollover funds to a qualified retirement plan.
https://www.journalofaccountancy.com/news/2020/oct/60-day-rollover-state-unclaimed-property.html
JOURNALOFACCOUNTANCY.COM
Unclaimed property distributions allowed as self-certified rollovers
Happy Halloween!
We will do all we can to help your business succeed. Call 702-623-2600 to learn about our services!
The IRS on Monday issued the 2021 annual inflation adjustments for many tax provisions, as well as the 2021 tax rate tables for individuals and estates and trusts (Rev. Proc. 2020-45). These adjusted amounts will be used to prepare tax year 2021 returns in 2022.
https://www.journalofaccountancy.com/news/2020/oct/2021-irs-tax-tables-inflation-adjustments.html
JOURNALOFACCOUNTANCY.COM
2021 inflation adjustments and tax tables issued
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Never be afraid to ask for help. We're here for you! 702-623-2600
Feeling the stress of a long workday? We know how that goes. Call us if you need us: 702-623-2600
The IRS on Monday announced a new program, the Taxpayer Relief Initiative, to help taxpayers who are unable to pay their taxes because of the pandemic (IR-2020-248).
https://www.journalofaccountancy.com/news/2020/nov/irs-help-with-tax-debt-during-coronavirus-pandemic.html
JOURNALOFACCOUNTANCY.COM
IRS announces help with tax debt
We know how overwhelming the work can get. Get some sleep and exercise, too! Call us if you need us. 702-623-2600
Celebrate World Tolerance Day with us.
Whatever you need to do, do it today. Call us for help: 702-623-2600.
Happy Veterans Day!
In a taxpayer-friendly development, the IRS said it would issue proposed regulations allowing S corporations and partnerships to deduct "specified income tax payments" paid to state and local governments above the line and not as passthrough items for partners and shareholders.
https://www.journalofaccountancy.com/news/2020/nov/partnerships-s-corps-deduct-state-local-taxes.html
JOURNALOFACCOUNTANCY.COM
Partnerships and S corps. can deduct state and local taxes
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Performing year-end tax planning this year is going to be “very, very difficult,” Bob Keebler, CPA/PFS, said in a Nov. 10 webcast sponsored by the AICPA’s Personal Financial Planning Section.
https://www.journalofaccountancy.com/news/2020/nov/year-end-tax-planning.html
JOURNALOFACCOUNTANCY.COM
It’s a tough year for year-end tax planning
Understanding your customer base is crucial to your success. Call 702-623-2600 to learn more!
Partnerships received guidance from the IRS on Friday on when the new centralized partnership audit regime does not apply to certain partnership-related items.
https://www.journalofaccountancy.com/news/2020/nov/irs-regs-special-enforcement-matters-for-partnerships.html
JOURNALOFACCOUNTANCY.COM
Centralized partnership audit regime changes proposed
Partnerships received guidance from the IRS on Friday on when the new centralized partnership audit regime does not apply to certain partnership-related items.
https://www.journalofaccountancy.com/news/2020/nov/irs-regs-special-enforcement-matters-for-partnerships.html
JOURNALOFACCOUNTANCY.COM
Centralized partnership audit regime changes proposed
Partnerships received guidance from the IRS on Friday on when the new centralized partnership audit regime does not apply to certain partnership-related items.
https://www.journalofaccountancy.com/news/2020/nov/irs-regs-special-enforcement-matters-for-partnerships.html
JOURNALOFACCOUNTANCY.COM
Centralized partnership audit regime changes proposed
Partnerships received guidance from the IRS on Friday on when the new centralized partnership audit regime does not apply to certain partnership-related items.
https://www.journalofaccountancy.com/news/2020/nov/irs-regs-special-enforcement-matters-for-partnerships.html
JOURNALOFACCOUNTANCY.COM
Centralized partnership audit regime changes proposed
Your network is also your net worth! Associate with others who will help you get where you need to be. Like us! 702-623-2600
How is your "exercise routine" coming? We can help! Call 702-623-2600.
Earlier this year, many firms faced the major challenge of being unable to receive information from clients during the stay-at-home or shelter-in-place orders that were in effect throughout the country.
https://www.journalofaccountancy.com/issues/2020/dec/virtual-client-communications.html
JOURNALOFACCOUNTANCY.COM
Going virtual with client communications
Let us help you along the way: 702-623-2600.
Stop dreaming and start doing! Call 702-623-2600 today to get started with our business advisors.
The success of your business will always require some work and maintenance. We're here to help you keep the work running smoothly. Call 702-623-2600 for help.
The IRS finalized proposed rules addressing the amendments to Sec. 401(c) by Section 13613 of the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, which provides an extended rollover period for a qualified plan loan offset.
https://www.journalofaccountancy.com/news/2020/dec/irs-qualified-plan-loan-rollover-rules.html
JOURNALOFACCOUNTANCY.COM
IRS finalizes qualified plan loan rollover rules
Remember Pearl Harbor.
Let us help you reflect on your business strategy. 702-623-2600
Eileen Sherr, CPA, CGMA, MT, director of the AICPA’s Tax Policy & Advocacy team in Washington, D.C., discusses recent IRS guidance regarding the tax treatment of loans under the U.S. Small Business Administration’s Paycheck Protection Program (PPP).
https://www.journalofaccountancy.com/podcast/ppp-loan-forgiveness-and-taxes.html
JOURNALOFACCOUNTANCY.COM
PPP loan forgiveness and taxes
Customers value positive experiences with a company, and negative ones are enough to lead them to never shop with a company ever again. 702-623-2600.
There are still some tax-saving moves you can make to ring in the new year in your best financial shape.
CORPORATECAPITALINC.COM
Are You Making the Most Out of Your Year-End Tax Strategies for This Year?
Our business advisors are here to help you get through the tough times! Call 702-623-2600 to learn more.
During a busy and historic year — with a global pandemic, disruptions to the economy, and postponements of normal tax deadlines — practitioners may have missed that many tax provisions are scheduled to expire at the end of the year.
https://www.journalofaccountancy.com/news/2020/dec/tax-provisions-expiring-in-2020.html
JOURNALOFACCOUNTANCY.COM
Several tax provisions set to expire at end of 2020
How well are you steering your business? Call us if you need a course correction. 702-623-2600
Leadership is trusting others to follow. We're here every step of the way. Call 702-623-2600.
Paycheck Protection Program (PPP) loan that is forgiven and that the tax basis and other attributes of the borrower’s assets will not be reduced as a result of the loan forgiveness.
https://www.journalofaccountancy.com/news/2020/dec/ppp-expense-deductibility-forgiveness-raises-basis-issues.html
JOURNALOFACCOUNTANCY.COM
PPP expense deductibility and forgiveness raises basis, other issues
You don't need to wait until you have enough funding or support. Let us help you get started now! Call 702-623-2600.
Merry Christmas!
There are still some tax-saving moves you can make to ring in the new year in your best financial shape.
CORPORATECAPITALINC.COM
Are You Making the Most Out of Your Year-End Tax Strategies for This Year?
Our business advisors are here to help you get through the tough times! Call 702-623-2600 to learn more.
During a busy and historic year — with a global pandemic, disruptions to the economy, and postponements of normal tax deadlines — practitioners may have missed that many tax provisions are scheduled to expire at the end of the year.
https://www.journalofaccountancy.com/news/2020/dec/tax-provisions-expiring-in-2020.html
JOURNALOFACCOUNTANCY.COM
Several tax provisions set to expire at end of 2020
What are your resolutions this year?
Work hard, and success will follow. Call 702-623-2600 for help.
Paycheck Protection Program (PPP) loan that is forgiven and that the tax basis and other attributes of the borrower’s assets will not be reduced as a result of the loan forgiveness.
https://www.journalofaccountancy.com/news/2020/dec/ppp-expense-deductibility-forgiveness-raises-basis-issues.html
JOURNALOFACCOUNTANCY.COM
PPP expense deductibility and forgiveness raises basis, other issues
You don't need to wait until you have enough funding or support. Let us help you get started now! Call 702-623-2600.
Merry Christmas!
There are still some tax-saving moves you can make to ring in the new year in your best financial shape.
CORPORATECAPITALINC.COM
Are You Making the Most Out of Your Year-End Tax Strategies for This Year?
We know you work a lot. Don't forget to replenish your energy with nutrient-rich meals! Call 702-623-2600 if you need us.
An open door policy can make it easy to talk to you but also difficult to focus on your work. We can help you find a balance. 702-623-2600
The final regulations adopt two sets of proposed regulations (REG-104554-18 and REG-14870-18), with certain revisions made in response to written comments and testimony at a public hearing on the proposed regulations.
https://www.journalofaccountancy.com/news/2021/jan/irs-rules-income-inclusion-advanced-payments.html
JOURNALOFACCOUNTANCY.COM
Final rules govern income inclusion and advance payments
Don't let a setback keep you back! Call 702-623-2600 for assistance.
What are your resolutions this year?
Work hard, and success will follow. Call 702-623-2600 for help.
We're here to help with whatever you need. 702-623-2600
Start your dream today. We're here to help. 702-623-2600
The IRS posted final regulations (T.D. 9945) on the tax treatment of carried interests under Sec. 1061. In response to comments, the final regulations make changes to the proposed regulations (REG-107213-18) that were issued in August.
https://www.journalofaccountancy.com/news/2021/jan/irs-carried-interests-regs-finalized.html
JOURNALOFACCOUNTANCY.COM
Carried interests regulations are finalized
We are here to help you create those solutions. 702-623-2600
We know you work a lot. Don't forget to replenish your energy with nutrient-rich meals! Call 702-623-2600 if you need us.
An open door policy can make it easy to talk to you but also difficult to focus on your work. We can help you find a balance. 702-623-2600
Examine which strategies worked in the past year and what new strategies you want to try. Call if you need us. 702-623-2600
The IRS on Friday announced that it will start accepting and processing 2020 tax returns on Friday, Feb. 12
https://www.journalofaccountancy.com/news/2021/jan/tax-return-filing-season-starts-feb-12-2021.html
JOURNALOFACCOUNTANCY.COM
Tax filing season to start Feb. 12, IRS announces
Happy Martin Luther King Jr. Day!
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Start your dream today. We're here to help. 702-623-2600
The IRS posted final regulations (T.D. 9945) on the tax treatment of carried interests under Sec. 1061. In response to comments, the final regulations make changes to the proposed regulations (REG-107213-18) that were issued in August.
https://www.journalofaccountancy.com/news/2021/jan/irs-carried-interests-regs-finalized.html
JOURNALOFACCOUNTANCY.COM
Carried interests regulations are finalized
Set daily goals, and take them down one at a time. Call 702-623-2600 for help with what to focus on.
The IRS provided transition penalty relief Tuesday to partnerships in complying with new rules for reporting partners’ capital account balances.
https://www.journalofaccountancy.com/news/2021/jan/irs-penalty-relief-for-new-partner-capital-account-rules.html
JOURNALOFACCOUNTANCY.COM
Partner capital account reporting gets transition penalty relief
Filling needs you know about is easier than playing guessing games. Wondering how best to ask? We can help. 702-623-2600
We can help you make your business run better than ever while focusing on long-term goals and streamlining your accounting and bookkeeping departments!
https://www.corporatecapitalinc.com/why-not-streamline-your-daily-business-practices-by-outsourcing-your-bookkeeping-services-and-using-that-time-for-other-essential-tasks/
Corporate Capital Inc
An entrepreneur's work is never done! Call if you want advice to go even further. 702-623-2600
Examine which strategies worked in the past year and what new strategies you want to try. Call if you need us. 702-623-2600
A state's conformity to the Internal Revenue Code (IRC) is an important policy choice that affects state corporate income tax regimes using a measure of income determined by the IRC.
https://www.journalofaccountancy.com/issues/2021/feb/states-rolling-conformity-to-irs-code-and-cares-act.html
JOURNALOFACCOUNTANCY.COM
States’ rolling conformity to the Code and CARES Act
We can't wait to see if Phil spots his shadow! Happy Groundhog Day!
A good idea isn't enough on its own. Ask us how we can help! Call 702-623-2600.
Make sure everyone you meet will be happy to meet you again. Looking for ways to make better connections? Call us. 702-623-2600
Set daily goals, and take them down one at a time. Call 702-623-2600 for help with what to focus on.
The IRS provided transition penalty relief Tuesday to partnerships in complying with new rules for reporting partners’ capital account balances.
https://www.journalofaccountancy.com/news/2021/jan/irs-penalty-relief-for-new-partner-capital-account-rules.html
JOURNALOFACCOUNTANCY.COM
Partner capital account reporting gets transition penalty relief
Give us a call to learn how we can help! Call 702-623-2600.
Maintaining success is a continual process. We can help you keep it going! Call 702-623-2600.
A state's conformity to the Internal Revenue Code (IRC) is an important policy choice that affects state corporate income tax regimes using a measure of income determined by the IRC.
https://www.journalofaccountancy.com/issues/2021/feb/states-rolling-conformity-to-irs-code-and-cares-act.html
JOURNALOFACCOUNTANCY.COM
States’ rolling conformity to the Code and CARES Act
We can't wait to see if Phil spots his shadow! Happy Groundhog Day!
A good idea isn't enough on its own. Ask us how we can help! Call 702-623-2600.
Make sure everyone you meet will be happy to meet you again. Looking for ways to make better connections? Call us. 702-623-2600
Happy Valentine's Day!
Call 702-623-2600 today to learn more!
On Thursday, the Senate voted on amendments to S. Con. Res. 5, the fiscal year 2021 budget resolution. After more than 500 amendments to the budget resolution were filed, 41 amendments received votes on the Senate floor in a process that lasted well into Friday morning.
https://www.journalofaccountancy.com/news/2021/feb/senate-budget-space-for-mobile-workforce-legislation.html
JOURNALOFACCOUNTANCY.COM
Senate shows bipartisan support for mobile workforce tax legislation
Give us a call to learn how we can help! Call 702-623-2600.
Maintaining success is a continual process. We can help you keep it going! Call 702-623-2600.
A state's conformity to the Internal Revenue Code (IRC) is an important policy choice that affects state corporate income tax regimes using a measure of income determined by the IRC.
https://www.journalofaccountancy.com/issues/2021/feb/states-rolling-conformity-to-irs-code-and-cares-act.html
JOURNALOFACCOUNTANCY.COM
States’ rolling conformity to the Code and CARES Act
That we are a one-stop-shop for all the services your business needs! Call 702-623-2600 today!
This can effectively insulate your business and personal assets. Call us at 702-623-2600 for more info.
The IRS provided a safe harbor under which “eligible educators” can deduct unreimbursed expenses for COVID-19 protective items.
https://www.journalofaccountancy.com/news/2021/feb/educators-personal-protective-equipment-ppe-expense-deduction.html
JOURNALOFACCOUNTANCY.COM
Eligible educators may deduct personal protective equipment expenses
Our expertise simplifies the process of incorporating your business and supporting your business's benefits.
https://www.corporatecapitalinc.com/thinking-about-incorporating-your-business-out-of-state-check-out-nevada/
CORPORATECAPITALINC.COM
Bookkeeping & Business Management in Las Vegas, NV
Happy Presidents' Day!
Happy Valentine's Day!
Being "on" 24/7 can lead to stress and burnout. Call 702-623-2600 to talk about balancing your work and everything else in your life.
In response to the COVID-19 pandemic, Congress enacted temporary special rules for health flexible spending arrangements (FSAs) and dependent care assistance programs under Sec. 125 cafeteria plans.
https://www.journalofaccountancy.com/news/2021/feb/irs-cafeteria-plan-relief-for-coronavirus-pandemic.html
JOURNALOFACCOUNTANCY.COM
IRS provides cafeteria plan relief for the pandemic
When you start and when you keep pushing through obstacles. Needing advice on what to do next? Call us. 702-623-2600
That we are a one-stop-shop for all the services your business needs! Call 702-623-2600 today!
This can effectively insulate your business and personal assets. Call us at 702-623-2600 for more info.
The IRS provided a safe harbor under which “eligible educators” can deduct unreimbursed expenses for COVID-19 protective items.
https://www.journalofaccountancy.com/news/2021/feb/educators-personal-protective-equipment-ppe-expense-deduction.html
JOURNALOFACCOUNTANCY.COM
Eligible educators may deduct personal protective equipment expenses
Success is always founded on knowing what's really going on. We can help. 702-623-2600
The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, significantly changed Sec. 274(a) by eliminating any deduction of expenses considered entertainment, amusement, or recreation. The TCJA also extended the 50% deduction limitation for expenses related to food and beverages to those provided by employers to employees in some instances.
https://www.journalofaccountancy.com/issues/2021/mar/irs-entertainment-tax-deductions.html
JOURNALOFACCOUNTANCY.COM
Dropping the curtain on entertainment deductions
A $1.9 trillion U.S. coronavirus relief package took a step forward Saturday when the Senate voted 50–49 to approve a bill that will be sent back to the House of Representatives because the Senate changed the legislation originally approved by the House.
https://www.journalofaccountancy.com/news/2021/mar/senate-passes-coronavirus-stimulus-bill-recovery-rebates.html
JOURNALOFACCOUNTANCY.COM
Senate passes amended $1.9 trillion COVID-19 stimulus bill
Happy International Women's Day!
Life is made to keep improving, and we're here to help you keep it up. 702-623-2600
Success is always founded on knowing what's really going on. We can help. 702-623-2600
The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, significantly changed Sec. 274(a) by eliminating any deduction of expenses considered entertainment, amusement, or recreation. The TCJA also extended the 50% deduction limitation for expenses related to food and beverages to those provided by employers to employees in some instances.
https://www.journalofaccountancy.com/issues/2021/mar/irs-entertainment-tax-deductions.html
JOURNALOFACCOUNTANCY.COM
Dropping the curtain on entertainment deductions
Working for hours while you're exhausted won't get anything done. Call us at 702-623-2600 to get your energy back.
Whoever you are and wherever you are, you can make your dreams a reality. We're here to help. 702-623-2600
Over a third of people open emails based on the subject line alone! Looking for more advice? Call us at 702-623-2600.
A $1.9 trillion U.S. coronavirus relief package took a step forward Saturday when the Senate voted 50–49 to approve a bill that will be sent back to the House of Representatives because the Senate changed the legislation originally approved by the House.
https://www.journalofaccountancy.com/news/2021/mar/senate-passes-coronavirus-stimulus-bill-recovery-rebates.html
JOURNALOFACCOUNTANCY.COM
Senate passes amended $1.9 trillion COVID-19 stimulus bill
Happy International Women's Day!
Life is made to keep improving, and we're here to help you keep it up. 702-623-2600
Success is always founded on knowing what's really going on. We can help. 702-623-2600
You know what motivates you as a business owner, but you also need to understand the "why" of your customers. We're here to help. 702-623-2600
Happy St. Patrick's Day!
President Joe Biden on Thursday afternoon signed into law the $1.9 trillion coronavirus relief bill known as the American Rescue Plan Act, following a 220-211 vote of approval by the House of Representatives on Wednesday.
https://www.journalofaccountancy.com/news/2021/mar/house-approves-coronavirus-pandemic-stimulus-bill.html
JOURNALOFACCOUNTANCY.COM
House gives final approval to $1.9 trillion pandemic aid bill
Showing your staff you value them is just as important as showing your customers. For more business insights, call us at 702-623-2600.
Whoever you are and wherever you are, you can make your dreams a reality. We're here to help. 702-623-2600
Over a third of people open emails based on the subject line alone! Looking for more advice? Call us at 702-623-2600.
Great ideas are great, but experience can help temper expectations and create a solid base for growth. Want to learn more? Call us at 702-623-2600.
The IRS announced on Wednesday that it is postponing the deadline for all individual tax returns. Returns otherwise due April 15 will not have to be filed until May 17 this year. The IRS says it will issue formal guidance in the near future.
https://www.journalofaccountancy.com/news/2021/mar/irs-postpones-april-15-tax-filing-deadline.html
JOURNALOFACCOUNTANCY.COM
IRS postpones April 15 deadline
Happy National Agriculture Day!
Your customers will want to know that your advice, service, or product is something you trust yourself. We can help you know how to show that. 702-623-2600
You know what motivates you as a business owner, but you also need to understand the "why" of your customers. We're here to help. 702-623-2600
Happy St. Patrick's Day!